PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards.

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PYMNTS

MARCH 21, 2017

Bank will enable its corporate customers to use their commercial cards via the mobile Apple Pay , Android Pay and Samsung Pay solutions, reports said Monday (March 20). According to the bank, this makes it the first to support mobile payments for Visa commercial card transactions. Bank corporate card customers.”.

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PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Sometimes the cards are ancillary to a different criminal purpose.

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FICO

MAY 9, 2019

Congratulations to UBS Card Center on winning the Security Innovation of the Year award at the Retail Banker International Awards. UBS Card Center processes roughly 25 percent of all credit cards in Switzerland. The post UBS Card Center Wins Security Innovation Award with FICO AI appeared first on FICO.

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PYMNTS

AUGUST 9, 2017

Green Dot Corp released earnings on Tuesday that topped analyst expectations, with 55 cents a share reported, versus estimates of 40 cents a share, as organic growth and card counts both showed momentum in the period. Streit also said the company has entered an agreement to acquire a small tuck in secured credit card portfolio. .

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PYMNTS

MARCH 1, 2020

Small- to medium-sized businesses (SMBs) were duped by salespeople from American Express (AmEx) who reportedly misrepresented card rewards and fees in an effort to close more approvals, according to a report from The Wall Street Journal (WSJ) Sunday (March 1). Customers could also use their Costco-branded cards at other merchants.

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Independent Banker

AUGUST 31, 2016

As chip cards become standard, counterfeit card fraud in the U.S. Here are five ways to fight fraud in the wake of the widespread deployment of EMV chip cards. Card-not-present fraud will likely rise, especially online. When you send out a new card, include clear activation instructions. By Terry Dooley.

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BankBazaar

JULY 31, 2023

And as they say, the rest is history! $60 Million Jackpot: Funding Frenzy in 2015 Fast forward to 2015, and BankBazaar struck gold with a whopping $60 million in Series C funding. TurboLoan: The Lightning-Fast Loan Journey Alongside the co-branded Credit Cards, BankBazaar unveiled TurboLoan, powered by Chola Finance.

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PYMNTS

DECEMBER 28, 2016

Payments 2016: The Year Of EMV-Enabled Cards. While the EMV liability shift took place in October 2015, many of the effects of that shift were felt throughout 2016. At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. Best of Times.

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PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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PYMNTS

NOVEMBER 12, 2019

Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected.”. Users will also be able to view payment history, update settings or manage payment methods all in one place. Facebook Pay supports most major credit and debit cards as well as PayPal ,” Facebook said.

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CFPB Monitor

OCTOBER 7, 2015

The Office of the Inspector General (OIG) has released the “ 2015 list of major management challenges ” faced by the CFPB that the OIG believes will hamper the CFPB’s ability to accomplish the CFPB’s strategic objectives. Configuration management of CFPB systems. Incident response and reporting.

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PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption. Sophisticated Threats.

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PYMNTS

JUNE 11, 2019

in 2015, has expanded Apple Pay support for customers in 16 markets in Europe. Revolut offers banking services that include a prepaid debit card, P2P payments and currency and cryptocurrency exchange. If a user lives in a supported market, they can add a Revolut card to Apple Pay through the wallet app.

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PYMNTS

JANUARY 25, 2019

Other B2B FinTech firms that landed funding this week include expense management firms Mooncard and Jojonomic , as well as logistics company NEXT , which landed the largest investment round of the week at $97 million. In the employee expense management field as well, France’s Mooncard revealed a $5.7

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PYMNTS

FEBRUARY 26, 2020

In today’s top news, the stock market takes its biggest hit since 2015 due to mounting fears over the coronavirus, and an ex-Microsoft engineer is found guilty of stealing $10 million in digital currency. The S&P 500 lost $1.737 trillion, the largest drop since 2015, when the Chinese government devalued the yuan amid the U.S.-China

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FICO

NOVEMBER 20, 2019

That is how UBS Card Center, which processes some 25% of card transactions in Switzerland, keeps fraud rates down and cardholders happy. The Falcon Platform has brought a continual stream of analytic innovations to UBS Card Center, using breakthroughs in AI and machine learning, and adaptive analytics. by FICO.

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PYMNTS

FEBRUARY 27, 2019

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . A reported 3.6 billion people worldwide will carry digital IDs with embedded biometrics by 2021.

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PYMNTS

FEBRUARY 7, 2019

million in Bink, a startup that lets customers store and view all their loyalty cards on a phone, and also links payment cards to get points and rewards automatically, according to reports. British financial institution Barclays has invested $12.9

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NCR

AUGUST 29, 2016

The number of EMV payment cards in global circulation had rocketed more than 40 per cent year on year by the end of 2015, new statistics from EMVCo have revealed. billion ‘chip-and-pin’ cards when the data was collected, and 35.8 The region’s chip card adoption rate jumped to 52.3 There were 4.8

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PYMNTS

APRIL 8, 2019

Tim Murphy, general counsel for Mastercard , has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. Murphy has served on the group’s board of trustees since 2015. which focuses on managed healthcare. Mastercard hired Murphy in 2000.

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PYMNTS

JUNE 27, 2019

The small city had a population of about 8,000 in 2015, and its grocery store offerings were limited. “[New Rasmusson and her husband, Paul, believed that 24/7 accessibility was important to providing a convenient, automated service, but they were unable to manage or afford staffing the store around the clock.

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PYMNTS

JUNE 18, 2019

Y Combinator’s Continuity Fund and Tiger Global Management, who are existing investors, also joined the round in the Bengaluru-based firm, DealStreetAsia reported. It authenticates as well as takes payments via debit cards, credit cards, digital wallets and internet banking through a secure link connecting users and merchants.

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Banking 2020

FEBRUARY 26, 2015

2014 marked the year we became all too familiar with terms such as data breaches, data protection and payment solutions, thanks to high-profile security breaches to Target, Staples, Kmart, and The Home Depot, to name a few. 2015 will be the year for EMV technology to become an industry standard in the U.S:

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PYMNTS

JULY 27, 2020

And since 2015, Visa and Mastercard executives have been concerned about issues with Wirecard that included miscoded gambling transactions, high numbers of stolen card purchases and reversed transactions which led to substantial fines, sources told the newspaper. credit card purchases.

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BankBazaar

JUNE 18, 2020

Faced with some tough money management choices amid the COVID-19 outbreak? Liquid mutual funds invest in high-quality debt and money market securities that mature in 90 days or less and hence considered low-risk. Read this to sail through this phase with ease. . Over the last one year, the liquid fund returns were 5-6%. INR 100,000.

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PYMNTS

JUNE 20, 2017

PNC Bank is linking its corporate clients with a new mobile solution that links users of its Visa commercial cards into mobile wallet solutions Apple Pay, Android Pay and Samsung Pay. Instead, the mobile pay app creates a virtual card number unique to each transaction. labor force. labor force. ” U.S. . ” U.S.

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PYMNTS

AUGUST 9, 2020

Shanmugaratnam, 54, the owner of Citadelle Corporate Services, a corporate management services company at the heart of an investigation, is the first person outside of Wirecard to be linked to the suspected fraud at the disgraced German payments company. million) at the close of 2015. million euros ($169.5 One of them held 177.5

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PYMNTS

OCTOBER 18, 2016

A report that cited findings from the Payment Card Industry Security Standards Council (PCI) suggests that severe penalties could be enforced even though the U.K. The decision to impose the penalties is an attempt to manage the overwhelming cybersecurity problem affecting businesses in the U.K. plans to leave the EU by 2019.

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PYMNTS

SEPTEMBER 25, 2019

At Mastercard, we envision a world in which economic growth is truly inclusive,” said Arjan Bol, Netherlands country manager for Mastercard. Mastercard Farmer Network launched in 2015 and has connected with over 250,000 farmers in Uganda, Tanzania and India. farming businesses.

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PYMNTS

MARCH 27, 2017

Despite the security and authentication benefits, timeliness is not part of EMV’s wheelhouse. As card swipes turned to chip insertions across the U.S., The update reportedly cuts down the average processing time for chip and contactless card payments from 4.2 lines got longer and customers got more frustrated.

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Cards Retail Mobile Payments 100

PYMNTS

MARCH 1, 2016

The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. It amounted to about $12.5

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CFPB Monitor

MARCH 19, 2015

The CFPB has issued another request for information about the credit card market. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. The first four topics concern issues that the CFPB is required by the CARD Act to consider in its review.

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PYMNTS

MARCH 23, 2017

Only about a fifth said they use it every chance they get — fewer respondents than October 2015, when 35 percent of them said the same. The bank announced earlier this week that some of its commercial cards are now compatible with Apple Pay, Android Pay and Samsung Pay. to link its commercial cards with Apple Pay in 2015.

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PYMNTS

NOVEMBER 18, 2016

Both are slowly infiltrating the business traveler’s life, whether by businesses adding on-demand services, like Airbnb, to their list of approved travel vendors or by travel managers and accounting professionals making the switch to pay those vendors with a virtual card. Airbnb Demand Increases. But traction is slow.

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FICO

JANUARY 8, 2018

One of the newer applications of artificial intelligence rose to the top of the Fraud & Security blog last year: anti-money laundering. Here were the top 5 posts of 2017 in the Fraud & Security category: AI Meets AML: How the Analytics Work. Hacked ATMs Lead to 70% Rise in Debit Card Fraud. Read the full post.

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PYMNTS

JULY 25, 2017

In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. . Fraudsters are leaving card present and finding the weakest entry point.”

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